Great news for our industry!
Bitcoin Exchange Receives First License in New York State
New York State’s top financial regulator has granted the first license to a Bitcoin exchange, allowing it to open legally to customers across the country.
“This is a big deal, not just for us, but for the entire Bitcoin industry,” itBit’s chief executive, Charles Cascarilla, said.
http://www.nytimes.com/2015/05/08/business/dealbook/bitcoin-exchange-receives-first-license-in-new-york-state.html?_r=0
Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 248. (Read 814542 times)
May 07, 2015, 10:16:10 AM
May 07, 2015, 08:16:36 AM
The world we live in has always been changing. The speed of change is ever increasing. Regulations are falling further and further behind in keeping up with technologies. Perhaps our next generation of elected leaders must pledge to keep up with the speed of change. This article is a must read.
Why I'm Excited for Medium's Partnership Wit Creative Commons
When the Net was born, its code was its norms. Its architecture enabled sharing. Its users shared wildly.
Many celebrated this freedom. Some fought it fiercely. Shared creativity was also copyrighted creativity. And under the rules of copyright, to share is to require the permission of the copyright owner — unless (in America at least) that sharing is “fair use.”
When this battle first exploded, it presented itself in binary terms. People were, the story went, either for copyright, or against it. And if you were for “sharing,” that meant you were against copyright. The norms of the net, it followed for many, had to be changed if the rules of copyright were to be respected.
But many of us recognized then something that’s pretty obvious in retrospect now: that there are many who respect copyright, but who want to encourage people to share their work. And what the Net did not give those creators was a simple way to say that and make it stick. The law presumptively said no; we needed an easy way for creators to say yes.
Hence Creative Commons: a simple way to mark creativity with the freedom the author intends it to carry. Coders (Aaron Swartz was the first) crafted its technical architecture, lawyers (beginning with copyright experts at Cooley) drafted its legal architecture, and an incredible team of design geeks and entrepreneurs (including Matt Haughey of Metafilter and Glenn Brown, now at Twitter) built a simple and beautiful interface to enable people to mark their creativity with the freedoms they wanted for their work, as distinct from the restrictions the law otherwise imposed. In the middle of a war between “All rights reserved” and “No rights respected,” we raised a flag of “Some Rights Reserved,” with the balance given over to the public for free.
Millions of works now live under this banner. On Flickr there are nearly a billion images licensed “Some Rights Reserved.” Both Google and Bing now enable people to search on the basis of the freedom to reuse. Almost all of the freely licensed scholarship in the world today is Creative Commons licensed. YouTube and Vimeo give creators the freedom to mark their work with freedom. Wikipedia protects its community of authors with a Creative Commons license that assures its collaborators that their collaboration will be free to all.
Today Medium gives their creators the choice to join this community4freedom. To anyone who knows Medium (and the innovators behind its birth), this is not a surprise. Medium has captured something powerful about the way creativity in today’s web can be shared. And by embracing Creative Commons licenses, it stakes its commitment to the idea that it is the authors who should be able to choose just how freely they want their work to be shared. Medium thereby marks itself as not yet another island of creativity on the Net, but as a platform that encourages people to create and share across the many islands that the Internet has become. That encouragement will help keep the Net as it was born: a platform that encourages sharing, now with the simple ability for authors to say, “Of course, share this too.”
Source: https://medium.com/@lessig/why-i-m-excited-for-medium-s-partnership-with-creative-commons-127b0ef02b03
Why I'm Excited for Medium's Partnership Wit Creative Commons
When the Net was born, its code was its norms. Its architecture enabled sharing. Its users shared wildly.
Many celebrated this freedom. Some fought it fiercely. Shared creativity was also copyrighted creativity. And under the rules of copyright, to share is to require the permission of the copyright owner — unless (in America at least) that sharing is “fair use.”
When this battle first exploded, it presented itself in binary terms. People were, the story went, either for copyright, or against it. And if you were for “sharing,” that meant you were against copyright. The norms of the net, it followed for many, had to be changed if the rules of copyright were to be respected.
But many of us recognized then something that’s pretty obvious in retrospect now: that there are many who respect copyright, but who want to encourage people to share their work. And what the Net did not give those creators was a simple way to say that and make it stick. The law presumptively said no; we needed an easy way for creators to say yes.
Hence Creative Commons: a simple way to mark creativity with the freedom the author intends it to carry. Coders (Aaron Swartz was the first) crafted its technical architecture, lawyers (beginning with copyright experts at Cooley) drafted its legal architecture, and an incredible team of design geeks and entrepreneurs (including Matt Haughey of Metafilter and Glenn Brown, now at Twitter) built a simple and beautiful interface to enable people to mark their creativity with the freedoms they wanted for their work, as distinct from the restrictions the law otherwise imposed. In the middle of a war between “All rights reserved” and “No rights respected,” we raised a flag of “Some Rights Reserved,” with the balance given over to the public for free.
Millions of works now live under this banner. On Flickr there are nearly a billion images licensed “Some Rights Reserved.” Both Google and Bing now enable people to search on the basis of the freedom to reuse. Almost all of the freely licensed scholarship in the world today is Creative Commons licensed. YouTube and Vimeo give creators the freedom to mark their work with freedom. Wikipedia protects its community of authors with a Creative Commons license that assures its collaborators that their collaboration will be free to all.
Today Medium gives their creators the choice to join this community4freedom. To anyone who knows Medium (and the innovators behind its birth), this is not a surprise. Medium has captured something powerful about the way creativity in today’s web can be shared. And by embracing Creative Commons licenses, it stakes its commitment to the idea that it is the authors who should be able to choose just how freely they want their work to be shared. Medium thereby marks itself as not yet another island of creativity on the Net, but as a platform that encourages people to create and share across the many islands that the Internet has become. That encouragement will help keep the Net as it was born: a platform that encourages sharing, now with the simple ability for authors to say, “Of course, share this too.”
Source: https://medium.com/@lessig/why-i-m-excited-for-medium-s-partnership-with-creative-commons-127b0ef02b03
May 07, 2015, 07:28:03 AM
Breaking News:
I will be at the Chicago Bitcoin Meetup on Tuesday May 12, 2015. Everyone is invited to join us.
Meetup at House of Blues
Tue May 12
5:30 PM
I'M GOING
5 days left
30 going
3 comments
Chicago House of Blues
329 N. Dearborn St, Chicago, IL
http://www.meetup.com/The-Chicago-Bitcoin-Center-at-1871-Official-Meetup/
I will be at the Chicago Bitcoin Meetup on Tuesday May 12, 2015. Everyone is invited to join us.
Meetup at House of Blues
Tue May 12
5:30 PM
I'M GOING
5 days left
30 going
3 comments
Chicago House of Blues
329 N. Dearborn St, Chicago, IL
http://www.meetup.com/The-Chicago-Bitcoin-Center-at-1871-Official-Meetup/
May 06, 2015, 09:29:57 PM
I'm sure Ron Paul stance on the Federal Reserve is not news to many of you. It is still recommended read and highlights why digital currency is necessary.
Also, if you watch the video at the end of the article there is an interview with a coin.mx spokesperson. Is anyone familiar with this exchange and how it is structured?
The way they spoke in the video as if it was a club, and club members were free to trade with each as long as the are mindful of their local regulations. If not, I plan to create an account and check it out tomorrow.
After 40 Years of Looking, Ron Paul Finds Bitcoin
Ron Paul started talking about the serious problems of the Federal Reserve system in the 1970s. In his words, the ability to control the supply of money was “throughout history, the most sought-after monopolistic power of man” (below). He was generally greeted by the sound of crickets, both by fellow politicians and practically everyone else.
For an unfathomable reason, Paul was re-elected to U.S. Congress over and over again for the next 40 years, all the while speaking out against the Fed and its monetary practices of inflation, fractional-reserve lending, bailouts and “foreign aid.” There was no aspect of the dollar's nefarious doings that Paul didn't decry to anyone who would listen.
Like most in Austrian economics (the economic school of thought Paul espouses), he saw the remedy to Fed-caused depressions and recessions as precious metals — a return to gold and silver currencies. “End the Fed” became both a mantra and a best-selling book title released by Paul during his 2008 and 2012 presidential campaigns.
But Paul's political career did not result in the legal abolition of the Fed. Not even close. Not by a long shot. But it did leave a large portion of an entire generation hungry for a new money — an alternative currency — as a way to, as some put it, “Ignore the Fed.”
http://cointelegraph.com/news/114161/after-40-years-of-looking-ron-paul-finds-bitcoin
Also, if you watch the video at the end of the article there is an interview with a coin.mx spokesperson. Is anyone familiar with this exchange and how it is structured?
The way they spoke in the video as if it was a club, and club members were free to trade with each as long as the are mindful of their local regulations. If not, I plan to create an account and check it out tomorrow.
After 40 Years of Looking, Ron Paul Finds Bitcoin
Ron Paul started talking about the serious problems of the Federal Reserve system in the 1970s. In his words, the ability to control the supply of money was “throughout history, the most sought-after monopolistic power of man” (below). He was generally greeted by the sound of crickets, both by fellow politicians and practically everyone else.
For an unfathomable reason, Paul was re-elected to U.S. Congress over and over again for the next 40 years, all the while speaking out against the Fed and its monetary practices of inflation, fractional-reserve lending, bailouts and “foreign aid.” There was no aspect of the dollar's nefarious doings that Paul didn't decry to anyone who would listen.
Like most in Austrian economics (the economic school of thought Paul espouses), he saw the remedy to Fed-caused depressions and recessions as precious metals — a return to gold and silver currencies. “End the Fed” became both a mantra and a best-selling book title released by Paul during his 2008 and 2012 presidential campaigns.
But Paul's political career did not result in the legal abolition of the Fed. Not even close. Not by a long shot. But it did leave a large portion of an entire generation hungry for a new money — an alternative currency — as a way to, as some put it, “Ignore the Fed.”
http://cointelegraph.com/news/114161/after-40-years-of-looking-ron-paul-finds-bitcoin
One of the interesting things to note, would be the potential implications for financial integration with crypto's that transcend geopolitical bounds. I imagine if enough people in two countries, say, the USA and Canada adopted DNotes as the dominant currency, it would not only insulate the wealth of those holders from Federal Reserve policy, but lead to rapid integration of financial markets in both countries. Partner banks may offer crypto-specific lending rates, and these rates would probably be very similar world-wide, rather than being enforced parochially by the local Government's interest rate set for it's own backed currency (dollar). The US FED could have a 2% interest rate, and banks would lend at 5%, but the same banks and/or different players would offer "crypto-lending rates" that could eliminate the 2% rate added by the Fed, and everybody could borrow at 3%.
I imagine such financial integration would be very worthwhile to developing nations - they would likely pay a slightly higher premium still because of risk. I also think it's interesting that crypto that makes its way to developing nations today, that then rises in value like DNotes will, will then mean a lot of purchasing power for citizens in those nations. Their currency will also be secure, and protected from internal political turmoil - the value/price of their DNotes will be dictated mostly by players in the relatively more politically and financially stable western world.
Hi TeeGee. I wish I have more time to respond to your post but you made such an excellent point about a focused strategy of generating significant adoption in the US and Canada, and the rest of the world will follow. From a winning strategy standpoint that is exactly correct. Blanketing Chicago to get the country to participate is based on the same principle. We are also reactively building grass root groups around the world. What it means is that I response to every inquiry that comes in with my best efforts without proactively seeking them out. DNotes is a well deserved case study. We are loaded with the best winning strategies and the execution of them at their best. That is precisely why we are so confident that DNotes will be very successful.
Those of you on my distribution received an email from me today. That is a true sample of many email replies I have been sending all day long. These are real efforts in positioning DNotes for rapid growth.
This post reminded me to sign up for coin.mx account today. I just got through reading their terms and conditions. They are not a company, they are a club, and by signing up I agree that I will not share any transaction information with anyone. It was a very interesting read, the site seems like it has a lot of traffic, I'm just not sure how they can legally do business in the US this way.
May 06, 2015, 08:46:47 PM
I'm sure Ron Paul stance on the Federal Reserve is not news to many of you. It is still recommended read and highlights why digital currency is necessary.
Also, if you watch the video at the end of the article there is an interview with a coin.mx spokesperson. Is anyone familiar with this exchange and how it is structured?
The way they spoke in the video as if it was a club, and club members were free to trade with each as long as the are mindful of their local regulations. If not, I plan to create an account and check it out tomorrow.
After 40 Years of Looking, Ron Paul Finds Bitcoin
Ron Paul started talking about the serious problems of the Federal Reserve system in the 1970s. In his words, the ability to control the supply of money was “throughout history, the most sought-after monopolistic power of man” (below). He was generally greeted by the sound of crickets, both by fellow politicians and practically everyone else.
For an unfathomable reason, Paul was re-elected to U.S. Congress over and over again for the next 40 years, all the while speaking out against the Fed and its monetary practices of inflation, fractional-reserve lending, bailouts and “foreign aid.” There was no aspect of the dollar's nefarious doings that Paul didn't decry to anyone who would listen.
Like most in Austrian economics (the economic school of thought Paul espouses), he saw the remedy to Fed-caused depressions and recessions as precious metals — a return to gold and silver currencies. “End the Fed” became both a mantra and a best-selling book title released by Paul during his 2008 and 2012 presidential campaigns.
But Paul's political career did not result in the legal abolition of the Fed. Not even close. Not by a long shot. But it did leave a large portion of an entire generation hungry for a new money — an alternative currency — as a way to, as some put it, “Ignore the Fed.”
http://cointelegraph.com/news/114161/after-40-years-of-looking-ron-paul-finds-bitcoin
Also, if you watch the video at the end of the article there is an interview with a coin.mx spokesperson. Is anyone familiar with this exchange and how it is structured?
The way they spoke in the video as if it was a club, and club members were free to trade with each as long as the are mindful of their local regulations. If not, I plan to create an account and check it out tomorrow.
After 40 Years of Looking, Ron Paul Finds Bitcoin
Ron Paul started talking about the serious problems of the Federal Reserve system in the 1970s. In his words, the ability to control the supply of money was “throughout history, the most sought-after monopolistic power of man” (below). He was generally greeted by the sound of crickets, both by fellow politicians and practically everyone else.
For an unfathomable reason, Paul was re-elected to U.S. Congress over and over again for the next 40 years, all the while speaking out against the Fed and its monetary practices of inflation, fractional-reserve lending, bailouts and “foreign aid.” There was no aspect of the dollar's nefarious doings that Paul didn't decry to anyone who would listen.
Like most in Austrian economics (the economic school of thought Paul espouses), he saw the remedy to Fed-caused depressions and recessions as precious metals — a return to gold and silver currencies. “End the Fed” became both a mantra and a best-selling book title released by Paul during his 2008 and 2012 presidential campaigns.
But Paul's political career did not result in the legal abolition of the Fed. Not even close. Not by a long shot. But it did leave a large portion of an entire generation hungry for a new money — an alternative currency — as a way to, as some put it, “Ignore the Fed.”
http://cointelegraph.com/news/114161/after-40-years-of-looking-ron-paul-finds-bitcoin
One of the interesting things to note, would be the potential implications for financial integration with crypto's that transcend geopolitical bounds. I imagine if enough people in two countries, say, the USA and Canada adopted DNotes as the dominant currency, it would not only insulate the wealth of those holders from Federal Reserve policy, but lead to rapid integration of financial markets in both countries. Partner banks may offer crypto-specific lending rates, and these rates would probably be very similar world-wide, rather than being enforced parochially by the local Government's interest rate set for it's own backed currency (dollar). The US FED could have a 2% interest rate, and banks would lend at 5%, but the same banks and/or different players would offer "crypto-lending rates" that could eliminate the 2% rate added by the Fed, and everybody could borrow at 3%.
I imagine such financial integration would be very worthwhile to developing nations - they would likely pay a slightly higher premium still because of risk. I also think it's interesting that crypto that makes its way to developing nations today, that then rises in value like DNotes will, will then mean a lot of purchasing power for citizens in those nations. Their currency will also be secure, and protected from internal political turmoil - the value/price of their DNotes will be dictated mostly by players in the relatively more politically and financially stable western world.
Hi TeeGee. I wish I have more time to respond to your post but you made such an excellent point about a focused strategy of generating significant adoption in the US and Canada, and the rest of the world will follow. From a winning strategy standpoint that is exactly correct. Blanketing Chicago to get the country to participate is based on the same principle. We are also reactively building grass root groups around the world. What it means is that I response to every inquiry that comes in with my best efforts without proactively seeking them out. DNotes is a well deserved case study. We are loaded with the best winning strategies and the execution of them at their best. That is precisely why we are so confident that DNotes will be very successful.
Those of you on my distribution received an email from me today. That is a true sample of many email replies I have been sending all day long. These are real efforts in positioning DNotes for rapid growth.
May 06, 2015, 02:55:40 PM
U.S. Treasury Penalizes Ripple Labs
WASHINGTON--U.S. authorities hit Ripple Labs, Inc. Tuesday with a $700,000 penalty for failing to follow anti-money- laundering rules
http://m.nasdaq.com/article/us-treasury-penalizes-ripple-labs-20150505-01880
WASHINGTON--U.S. authorities hit Ripple Labs, Inc. Tuesday with a $700,000 penalty for failing to follow anti-money- laundering rules
http://m.nasdaq.com/article/us-treasury-penalizes-ripple-labs-20150505-01880
This is not a new rule, so it should be treated as a new setback to the industry.
"The company didn't immediately register, and it kept selling the currency until the end of April" 2013. seemed to be the problem. Until we have a registered and licensed exchange and in fully compliance with regulatory requirements, DNotes does not, and will not offer to sell or trade its currency in the form of DNotes. Our current setup is inconvenience, but in our best long term interest to emerge as a major player.
"While its technology accommodates other currencies, Ripple also created its own virtual currency, XRP. FinCEN's said Ripple sold XRP at least as early as March 2013, the same month the regulator issued guidance stating that virtual- currency firms would have to follow U.S. rules for money transmitters, including registering with the regulator. The company didn't immediately register, and it kept selling the currency until the end of April 2013, according to a statement of facts that FinCEN released along with the settlement.
In September 2013, a Ripple subsidiary registered with FinCEN as a money-service business and started selling the currency again. The subsidiary was based in South Carolina, a state known for having relatively lax regulatory requirements for money transmitters.
The subsidiary operated for months without establishing basic money-laundering controls, such as appointing an officer in charge of compliance, FinCEN said. During that time, it also failed to report suspicious transactions, such as a $ 32,000 transaction in November 2013 that the company decided not to process because it "doubted the legitimacy of the overseas customer's source of funds."
Correct, nothing out of line here, they screwed up. I believe the problem is as simple as Ripple/XRP burying their collective heads in the sand and hoping the nobody would notice what they were doing. Even as Paul Vernon said the other day about Cryptsy when CoinFire accused them of operating without a State MSB License:
"There is no company that is fully licensed at the state level in the US. None. We do, however, fully comply with our Federal MSB requirements. This includes filing SAR (Suspicous Activity Reports) and CTR (Currency Transaction Reports). We also have one of the most extensive KYC programs in the industry, scrub accounts against the OFAC list, and perform Transaction Monitoring. At a federal level, we are compliant."
So, yes it is possible to be federally compliant and Ripple had to know that. I say the fault lies with RIpple, not the current system other than the fact that updates are needed to prevent this kind of problem in the immediate future. In the long run, most of these monitoring agencies will need to re-invent themselves to encompass the new financial world order. The Ripple thing won't be the last but, people will learn from it and move forward albeit with a bit more caution.
May 06, 2015, 12:50:33 PM
Wup.... i think Dnotes products are CRISP plans and will be easy grow value with them, users . private fund investors, venture capital or corporations easy
and take profits from them.
Use DNotes as coin for unbanked people .... yeah its posible but you need a traders net arround the world selling and promoting DNotes to this people its the only way i see to complish this function. if not how anyone can buy DNotes without using a bank ? yeah findind a bitcoin trader...
Merchant adoption i see much more complicated, only way i see is that one big corporation start use CRISP and decide including sells in DNotes too, this will be a super hit ! for DNotes user and for corporation too.
keep good working Team
not problem for them just issue 1 milion more centraliced coins and pay XD
and take profits from them.
Use DNotes as coin for unbanked people .... yeah its posible but you need a traders net arround the world selling and promoting DNotes to this people its the only way i see to complish this function. if not how anyone can buy DNotes without using a bank ? yeah findind a bitcoin trader...
Merchant adoption i see much more complicated, only way i see is that one big corporation start use CRISP and decide including sells in DNotes too, this will be a super hit ! for DNotes user and for corporation too.
keep good working Team
U.S. Treasury Penalizes Ripple Labs
WASHINGTON--U.S. authorities hit Ripple Labs, Inc. Tuesday with a $700,000 penalty for failing to follow anti-money- laundering rules
http://m.nasdaq.com/article/us-treasury-penalizes-ripple-labs-20150505-01880
WASHINGTON--U.S. authorities hit Ripple Labs, Inc. Tuesday with a $700,000 penalty for failing to follow anti-money- laundering rules
http://m.nasdaq.com/article/us-treasury-penalizes-ripple-labs-20150505-01880
not problem for them just issue 1 milion more centraliced coins and pay XD
Thank you infovortice
You are correct, mass merchant adoption will be complicated and some key players will likely pave the way. It will be an important step in DNotes growth.
May 06, 2015, 12:34:46 PM
U.S. Treasury Penalizes Ripple Labs
WASHINGTON--U.S. authorities hit Ripple Labs, Inc. Tuesday with a $700,000 penalty for failing to follow anti-money- laundering rules
http://m.nasdaq.com/article/us-treasury-penalizes-ripple-labs-20150505-01880
WASHINGTON--U.S. authorities hit Ripple Labs, Inc. Tuesday with a $700,000 penalty for failing to follow anti-money- laundering rules
http://m.nasdaq.com/article/us-treasury-penalizes-ripple-labs-20150505-01880
This is not a new rule, so it should be treated as a new setback to the industry.
"The company didn't immediately register, and it kept selling the currency until the end of April" 2013. seemed to be the problem. Until we have a registered and licensed exchange and in fully compliance with regulatory requirements, DNotes does not, and will not offer to sell or trade its currency in the form of DNotes. Our current setup is inconvenience, but in our best long term interest to emerge as a major player.
"While its technology accommodates other currencies, Ripple also created its own virtual currency, XRP. FinCEN's said Ripple sold XRP at least as early as March 2013, the same month the regulator issued guidance stating that virtual- currency firms would have to follow U.S. rules for money transmitters, including registering with the regulator. The company didn't immediately register, and it kept selling the currency until the end of April 2013, according to a statement of facts that FinCEN released along with the settlement.
In September 2013, a Ripple subsidiary registered with FinCEN as a money-service business and started selling the currency again. The subsidiary was based in South Carolina, a state known for having relatively lax regulatory requirements for money transmitters.
The subsidiary operated for months without establishing basic money-laundering controls, such as appointing an officer in charge of compliance, FinCEN said. During that time, it also failed to report suspicious transactions, such as a $ 32,000 transaction in November 2013 that the company decided not to process because it "doubted the legitimacy of the overseas customer's source of funds."
May 06, 2015, 12:20:00 PM
Wup.... i think Dnotes products are CRISP plans and will be easy grow value with them, users . private fund investors, venture capital or corporations easy
and take profits from them.
Use DNotes as coin for unbanked people .... yeah its posible but you need a traders net arround the world selling and promoting DNotes to this people its the only way i see to complish this function. if not how anyone can buy DNotes without using a bank ? yeah findind a bitcoin trader...
Merchant adoption i see much more complicated, only way i see is that one big corporation start use CRISP and decide including sells in DNotes too, this will be a super hit ! for DNotes user and for corporation too.
keep good working Team
not problem for them just issue 1 milion more centraliced coins and pay XD
and take profits from them.
Use DNotes as coin for unbanked people .... yeah its posible but you need a traders net arround the world selling and promoting DNotes to this people its the only way i see to complish this function. if not how anyone can buy DNotes without using a bank ? yeah findind a bitcoin trader...
Merchant adoption i see much more complicated, only way i see is that one big corporation start use CRISP and decide including sells in DNotes too, this will be a super hit ! for DNotes user and for corporation too.
keep good working Team
U.S. Treasury Penalizes Ripple Labs
WASHINGTON--U.S. authorities hit Ripple Labs, Inc. Tuesday with a $700,000 penalty for failing to follow anti-money- laundering rules
http://m.nasdaq.com/article/us-treasury-penalizes-ripple-labs-20150505-01880
WASHINGTON--U.S. authorities hit Ripple Labs, Inc. Tuesday with a $700,000 penalty for failing to follow anti-money- laundering rules
http://m.nasdaq.com/article/us-treasury-penalizes-ripple-labs-20150505-01880
not problem for them just issue 1 milion more centraliced coins and pay XD
May 06, 2015, 12:03:24 PM
U.S. Treasury Penalizes Ripple Labs
WASHINGTON--U.S. authorities hit Ripple Labs, Inc. Tuesday with a $700,000 penalty for failing to follow anti-money- laundering rules
http://m.nasdaq.com/article/us-treasury-penalizes-ripple-labs-20150505-01880
WASHINGTON--U.S. authorities hit Ripple Labs, Inc. Tuesday with a $700,000 penalty for failing to follow anti-money- laundering rules
http://m.nasdaq.com/article/us-treasury-penalizes-ripple-labs-20150505-01880
May 06, 2015, 11:06:55 AM
I'm sure Ron Paul stance on the Federal Reserve is not news to many of you. It is still recommended read and highlights why digital currency is necessary.
Also, if you watch the video at the end of the article there is an interview with a coin.mx spokesperson. Is anyone familiar with this exchange and how it is structured?
The way they spoke in the video as if it was a club, and club members were free to trade with each as long as the are mindful of their local regulations. If not, I plan to create an account and check it out tomorrow.
After 40 Years of Looking, Ron Paul Finds Bitcoin
Ron Paul started talking about the serious problems of the Federal Reserve system in the 1970s. In his words, the ability to control the supply of money was “throughout history, the most sought-after monopolistic power of man” (below). He was generally greeted by the sound of crickets, both by fellow politicians and practically everyone else.
For an unfathomable reason, Paul was re-elected to U.S. Congress over and over again for the next 40 years, all the while speaking out against the Fed and its monetary practices of inflation, fractional-reserve lending, bailouts and “foreign aid.” There was no aspect of the dollar's nefarious doings that Paul didn't decry to anyone who would listen.
Like most in Austrian economics (the economic school of thought Paul espouses), he saw the remedy to Fed-caused depressions and recessions as precious metals — a return to gold and silver currencies. “End the Fed” became both a mantra and a best-selling book title released by Paul during his 2008 and 2012 presidential campaigns.
But Paul's political career did not result in the legal abolition of the Fed. Not even close. Not by a long shot. But it did leave a large portion of an entire generation hungry for a new money — an alternative currency — as a way to, as some put it, “Ignore the Fed.”
http://cointelegraph.com/news/114161/after-40-years-of-looking-ron-paul-finds-bitcoin
Also, if you watch the video at the end of the article there is an interview with a coin.mx spokesperson. Is anyone familiar with this exchange and how it is structured?
The way they spoke in the video as if it was a club, and club members were free to trade with each as long as the are mindful of their local regulations. If not, I plan to create an account and check it out tomorrow.
After 40 Years of Looking, Ron Paul Finds Bitcoin
Ron Paul started talking about the serious problems of the Federal Reserve system in the 1970s. In his words, the ability to control the supply of money was “throughout history, the most sought-after monopolistic power of man” (below). He was generally greeted by the sound of crickets, both by fellow politicians and practically everyone else.
For an unfathomable reason, Paul was re-elected to U.S. Congress over and over again for the next 40 years, all the while speaking out against the Fed and its monetary practices of inflation, fractional-reserve lending, bailouts and “foreign aid.” There was no aspect of the dollar's nefarious doings that Paul didn't decry to anyone who would listen.
Like most in Austrian economics (the economic school of thought Paul espouses), he saw the remedy to Fed-caused depressions and recessions as precious metals — a return to gold and silver currencies. “End the Fed” became both a mantra and a best-selling book title released by Paul during his 2008 and 2012 presidential campaigns.
But Paul's political career did not result in the legal abolition of the Fed. Not even close. Not by a long shot. But it did leave a large portion of an entire generation hungry for a new money — an alternative currency — as a way to, as some put it, “Ignore the Fed.”
http://cointelegraph.com/news/114161/after-40-years-of-looking-ron-paul-finds-bitcoin
One of the interesting things to note, would be the potential implications for financial integration with crypto's that transcend geopolitical bounds. I imagine if enough people in two countries, say, the USA and Canada adopted DNotes as the dominant currency, it would not only insulate the wealth of those holders from Federal Reserve policy, but lead to rapid integration of financial markets in both countries. Partner banks may offer crypto-specific lending rates, and these rates would probably be very similar world-wide, rather than being enforced parochially by the local Government's interest rate set for it's own backed currency (dollar). The US FED could have a 2% interest rate, and banks would lend at 5%, but the same banks and/or different players would offer "crypto-lending rates" that could eliminate the 2% rate added by the Fed, and everybody could borrow at 3%.
I imagine such financial integration would be very worthwhile to developing nations - they would likely pay a slightly higher premium still because of risk. I also think it's interesting that crypto that makes its way to developing nations today, that then rises in value like DNotes will, will then mean a lot of purchasing power for citizens in those nations. Their currency will also be secure, and protected from internal political turmoil - the value/price of their DNotes will be dictated mostly by players in the relatively more politically and financially stable western world.
Great points. The entire financial system will have to adapt to digital currency and likely become much more competitive in the coming years.
May 06, 2015, 10:18:28 AM
I'm sure Ron Paul stance on the Federal Reserve is not news to many of you. It is still recommended read and highlights why digital currency is necessary.
Also, if you watch the video at the end of the article there is an interview with a coin.mx spokesperson. Is anyone familiar with this exchange and how it is structured?
The way they spoke in the video as if it was a club, and club members were free to trade with each as long as the are mindful of their local regulations. If not, I plan to create an account and check it out tomorrow.
After 40 Years of Looking, Ron Paul Finds Bitcoin
Ron Paul started talking about the serious problems of the Federal Reserve system in the 1970s. In his words, the ability to control the supply of money was “throughout history, the most sought-after monopolistic power of man” (below). He was generally greeted by the sound of crickets, both by fellow politicians and practically everyone else.
For an unfathomable reason, Paul was re-elected to U.S. Congress over and over again for the next 40 years, all the while speaking out against the Fed and its monetary practices of inflation, fractional-reserve lending, bailouts and “foreign aid.” There was no aspect of the dollar's nefarious doings that Paul didn't decry to anyone who would listen.
Like most in Austrian economics (the economic school of thought Paul espouses), he saw the remedy to Fed-caused depressions and recessions as precious metals — a return to gold and silver currencies. “End the Fed” became both a mantra and a best-selling book title released by Paul during his 2008 and 2012 presidential campaigns.
But Paul's political career did not result in the legal abolition of the Fed. Not even close. Not by a long shot. But it did leave a large portion of an entire generation hungry for a new money — an alternative currency — as a way to, as some put it, “Ignore the Fed.”
http://cointelegraph.com/news/114161/after-40-years-of-looking-ron-paul-finds-bitcoin
Also, if you watch the video at the end of the article there is an interview with a coin.mx spokesperson. Is anyone familiar with this exchange and how it is structured?
The way they spoke in the video as if it was a club, and club members were free to trade with each as long as the are mindful of their local regulations. If not, I plan to create an account and check it out tomorrow.
After 40 Years of Looking, Ron Paul Finds Bitcoin
Ron Paul started talking about the serious problems of the Federal Reserve system in the 1970s. In his words, the ability to control the supply of money was “throughout history, the most sought-after monopolistic power of man” (below). He was generally greeted by the sound of crickets, both by fellow politicians and practically everyone else.
For an unfathomable reason, Paul was re-elected to U.S. Congress over and over again for the next 40 years, all the while speaking out against the Fed and its monetary practices of inflation, fractional-reserve lending, bailouts and “foreign aid.” There was no aspect of the dollar's nefarious doings that Paul didn't decry to anyone who would listen.
Like most in Austrian economics (the economic school of thought Paul espouses), he saw the remedy to Fed-caused depressions and recessions as precious metals — a return to gold and silver currencies. “End the Fed” became both a mantra and a best-selling book title released by Paul during his 2008 and 2012 presidential campaigns.
But Paul's political career did not result in the legal abolition of the Fed. Not even close. Not by a long shot. But it did leave a large portion of an entire generation hungry for a new money — an alternative currency — as a way to, as some put it, “Ignore the Fed.”
http://cointelegraph.com/news/114161/after-40-years-of-looking-ron-paul-finds-bitcoin
One of the interesting things to note, would be the potential implications for financial integration with crypto's that transcend geopolitical bounds. I imagine if enough people in two countries, say, the USA and Canada adopted DNotes as the dominant currency, it would not only insulate the wealth of those holders from Federal Reserve policy, but lead to rapid integration of financial markets in both countries. Partner banks may offer crypto-specific lending rates, and these rates would probably be very similar world-wide, rather than being enforced parochially by the local Government's interest rate set for it's own backed currency (dollar). The US FED could have a 2% interest rate, and banks would lend at 5%, but the same banks and/or different players would offer "crypto-lending rates" that could eliminate the 2% rate added by the Fed, and everybody could borrow at 3%.
I imagine such financial integration would be very worthwhile to developing nations - they would likely pay a slightly higher premium still because of risk. I also think it's interesting that crypto that makes its way to developing nations today, that then rises in value like DNotes will, will then mean a lot of purchasing power for citizens in those nations. Their currency will also be secure, and protected from internal political turmoil - the value/price of their DNotes will be dictated mostly by players in the relatively more politically and financially stable western world.
May 06, 2015, 09:36:03 AM
I would like to see DNOTES cooperatives sprout in every town and village, especially in the areas where peeps don't have banks, engaging in cottage and small industry/sustainability projects then stakeholders and workers in the cooperative can also benefit... COOPS are the best distribution of wealth micro/economics model there can be at this time of our civilization..
You are exactly correct, Qiwomen2. Among others, that is one of DNotes core missions. I am in the process of engaging many local and international organizations, introducing them to DNotes and our different projects targeting various global issues. DNotes is not the total solution. It is a vehicle to enable the most viable solutions when working together in concert with other international organizations, including those like Bill and Melinda Gates foundation who are extremely well funded. Together, many local/micro projects can thrive leading many to rise from poverty.
Our community and potential investors need to know that DNotes is a digital currency for everyone and not just the privileged few. Our missions are ambitious and even aggressive. That is factually correct. We have embarked on a very bold mission. It has taken us over a year to build a solid foundation and our own ecosystem system utilizing highly scalable building blocks. To me, it is not the size or scope of the project. It is about developing winning strategies and great executions at the most opportune time.
What technologies are most important to the future and success of DNotes?
1 ) An easy to use merchant payment verification system that doesn't require a third party
2 ) Cloud storage of the blockchain. Wallets sync with cloud instantly and no lag time at startup. This is a centralized item, however, but would be of great benefit. Instant syncing, instant sending, etc.
3 ) Versatile tipping program for various websites and social media outlets
4 ) POS style reward system
5 ) Making DNotes secure for everyone to use no matter their situation
6 ) Instant exchange functionality for the DNotesVault
7 ) Total smartphone solution for all DNotes functionality including vault and instant exchange functionality
What major issues with the existing financial system can DNotes solve?
1 ) Instant transfers of money.
2 ) Micro transactions, under $1 are not feasible. The transaction fees make micro transactions unprofitable if not impossible.
What services are most important to the future and success of DNotes?
1 ) Direct and simple fiat to DNotes exchange.
2 ) DNotes investment fund that is SEC approved and tradeable on a major stock exchange
3 ) Accessibility and Ease of Use
4 ) CLEARLY outlining benefits, programs, future of DNotes
5 ) 24/7 support
6 ) Multilingual support
7 ) Assurance of store of value
8 ) Credit/Debit Card
9 ) ATM services
10 ) Refill service for prepaid/sim cards
What major obstacles does DNotes face to achieve success?
1 ) Half of the world's population does not have banking access and is therefore excluded from participating in economic growth.
2 ) Combating and rising above the bad reputation bitcoin has (whether it is deserved or not).
3 ) Mainstream media negativity of any cryptocurrency in general.
4 ) Develop global name recognition. When people think "crypto" or "Bitcoin" now, they should simply think "DNotes" in the future.
What will aid the growth/evolution of DNotes, leading to mass adoption?
1 ) COOP's in Micro Communities
2 ) Micro-lending bank like Kiva or Grameen
Qiwoman, adding your comment in the new section. Looking for suggestions to add to the new section.
Oh wow thank you, I am so honored to be of some little use. What about our own para banking system? A micro-lending bank like Kiva or Grameen to also assist in helping combat global poverty? This would also bring in long term revenue as well which adds to the value of the coin plus helps so many people that can't get any banking help due to their situation.
Thank you Qiwoman, you have always been a big help here.
May 06, 2015, 02:51:00 AM
"I would like to see DNOTES cooperatives sprout in every town and village, especially in the areas where peeps don't have banks, engaging in cottage and small industry/sustainability projects then stakeholders and workers in the cooperative can also benefit... COOPS are the best distribution of wealth micro/economics model there can be at this time of our civilization."
Woo hoo! [Capers with enthusiasm]
I bought $50 worth of groceries this week with cryptos -- and PM me anytime to ask What Other Stuff We're Up To.
Mark (IndiaMikeZulu), Australia
Woo hoo! [Capers with enthusiasm]
I bought $50 worth of groceries this week with cryptos -- and PM me anytime to ask What Other Stuff We're Up To.
Mark (IndiaMikeZulu), Australia
May 06, 2015, 12:37:42 AM
I would like to see DNOTES cooperatives sprout in every town and village, especially in the areas where peeps don't have banks, engaging in cottage and small industry/sustainability projects then stakeholders and workers in the cooperative can also benefit... COOPS are the best distribution of wealth micro/economics model there can be at this time of our civilization..
You are exactly correct, Qiwomen2. Among others, that is one of DNotes core missions. I am in the process of engaging many local and international organizations, introducing them to DNotes and our different projects targeting various global issues. DNotes is not the total solution. It is a vehicle to enable the most viable solutions when working together in concert with other international organizations, including those like Bill and Melinda Gates foundation who are extremely well funded. Together, many local/micro projects can thrive leading many to rise from poverty.
Our community and potential investors need to know that DNotes is a digital currency for everyone and not just the privileged few. Our missions are ambitious and even aggressive. That is factually correct. We have embarked on a very bold mission. It has taken us over a year to build a solid foundation and our own ecosystem system utilizing highly scalable building blocks. To me, it is not the size or scope of the project. It is about developing winning strategies and great executions at the most opportune time.
What technologies are most important to the future and success of DNotes?
1 ) An easy to use merchant payment verification system that doesn't require a third party
2 ) Cloud storage of the blockchain. Wallets sync with cloud instantly and no lag time at startup. This is a centralized item, however, but would be of great benefit. Instant syncing, instant sending, etc.
3 ) Versatile tipping program for various websites and social media outlets
4 ) POS style reward system
5 ) Making DNotes secure for everyone to use no matter their situation
6 ) Instant exchange functionality for the DNotesVault
7 ) Total smartphone solution for all DNotes functionality including vault and instant exchange functionality
What major issues with the existing financial system can DNotes solve?
1 ) Instant transfers of money.
2 ) Micro transactions, under $1 are not feasible. The transaction fees make micro transactions unprofitable if not impossible.
What services are most important to the future and success of DNotes?
1 ) Direct and simple fiat to DNotes exchange.
2 ) DNotes investment fund that is SEC approved and tradeable on a major stock exchange
3 ) Accessibility and Ease of Use
4 ) CLEARLY outlining benefits, programs, future of DNotes
5 ) 24/7 support
6 ) Multilingual support
7 ) Assurance of store of value
8 ) Credit/Debit Card
9 ) ATM services
10 ) Refill service for prepaid/sim cards
What major obstacles does DNotes face to achieve success?
1 ) Half of the world's population does not have banking access and is therefore excluded from participating in economic growth.
2 ) Combating and rising above the bad reputation bitcoin has (whether it is deserved or not).
3 ) Mainstream media negativity of any cryptocurrency in general.
4 ) Develop global name recognition. When people think "crypto" or "Bitcoin" now, they should simply think "DNotes" in the future.
What will aid the growth/evolution of DNotes, leading to mass adoption?
1 ) COOP's in Micro Communities
Qiwoman, adding your comment in the new section. Looking for suggestions to add to the new section.
Oh wow thank you, I am so honored to be of some little use. What about our own para banking system? A micro-lending bank like Kiva or Grameen to also assist in helping combat global poverty? This would also bring in long term revenue as well which adds to the value of the coin plus helps so many people that can't get any banking help due to their situation.
May 06, 2015, 12:16:17 AM
I'm sure Ron Paul stance on the Federal Reserve is not news to many of you. It is still recommended read and highlights why digital currency is necessary.
Also, if you watch the video at the end of the article there is an interview with a coin.mx spokesperson. Is anyone familiar with this exchange and how it is structured?
The way they spoke in the video as if it was a club, and club members were free to trade with each as long as the are mindful of their local regulations. If not, I plan to create an account and check it out tomorrow.
After 40 Years of Looking, Ron Paul Finds Bitcoin
Ron Paul started talking about the serious problems of the Federal Reserve system in the 1970s. In his words, the ability to control the supply of money was “throughout history, the most sought-after monopolistic power of man” (below). He was generally greeted by the sound of crickets, both by fellow politicians and practically everyone else.
For an unfathomable reason, Paul was re-elected to U.S. Congress over and over again for the next 40 years, all the while speaking out against the Fed and its monetary practices of inflation, fractional-reserve lending, bailouts and “foreign aid.” There was no aspect of the dollar's nefarious doings that Paul didn't decry to anyone who would listen.
Like most in Austrian economics (the economic school of thought Paul espouses), he saw the remedy to Fed-caused depressions and recessions as precious metals — a return to gold and silver currencies. “End the Fed” became both a mantra and a best-selling book title released by Paul during his 2008 and 2012 presidential campaigns.
But Paul's political career did not result in the legal abolition of the Fed. Not even close. Not by a long shot. But it did leave a large portion of an entire generation hungry for a new money — an alternative currency — as a way to, as some put it, “Ignore the Fed.”
http://cointelegraph.com/news/114161/after-40-years-of-looking-ron-paul-finds-bitcoin
Also, if you watch the video at the end of the article there is an interview with a coin.mx spokesperson. Is anyone familiar with this exchange and how it is structured?
The way they spoke in the video as if it was a club, and club members were free to trade with each as long as the are mindful of their local regulations. If not, I plan to create an account and check it out tomorrow.
After 40 Years of Looking, Ron Paul Finds Bitcoin
Ron Paul started talking about the serious problems of the Federal Reserve system in the 1970s. In his words, the ability to control the supply of money was “throughout history, the most sought-after monopolistic power of man” (below). He was generally greeted by the sound of crickets, both by fellow politicians and practically everyone else.
For an unfathomable reason, Paul was re-elected to U.S. Congress over and over again for the next 40 years, all the while speaking out against the Fed and its monetary practices of inflation, fractional-reserve lending, bailouts and “foreign aid.” There was no aspect of the dollar's nefarious doings that Paul didn't decry to anyone who would listen.
Like most in Austrian economics (the economic school of thought Paul espouses), he saw the remedy to Fed-caused depressions and recessions as precious metals — a return to gold and silver currencies. “End the Fed” became both a mantra and a best-selling book title released by Paul during his 2008 and 2012 presidential campaigns.
But Paul's political career did not result in the legal abolition of the Fed. Not even close. Not by a long shot. But it did leave a large portion of an entire generation hungry for a new money — an alternative currency — as a way to, as some put it, “Ignore the Fed.”
http://cointelegraph.com/news/114161/after-40-years-of-looking-ron-paul-finds-bitcoin
May 05, 2015, 09:48:06 PM
Are CRISP For Students and CRISP For Charity targeting the 2.5 billion unbanked, the tools Bill and Melinda Gates have been waiting for. Let us know what you think?
Source: http://www.gatesfoundation.org/who-we-are/general-information/letter-from-bill-and-melinda-gates
Source: http://www.gatesfoundation.org/who-we-are/general-information/letter-from-bill-and-melinda-gates
The core mission of CRISP For Charity is indeed to engage the top 2% to work with DNotes and International charity organizations to help alleviate various global problems including poverty and the 2.5 billion unbanked.
CRISP For Students will be positioned as a conduit to scholarship funds, grants and other student aids.
It is delightful and encouraging that Bill and Melinda Gates have specifically mentioned these two areas. I am very passionate about pursuing every possible avenue for DNotes to be a global digital currency with a purpose so that much good can be done for humanity.
I think this is a perfect match with so many of us here feeling so strongly on helping the less fortunate. Everything they are working on could benefit from the CRISP programs. I'm impressed with all their initiatives and for me personally, my charity of choice here would be "new techniques to help farmers in developing countries grow more food and earn more money."
I know he has been busy getting shipping started for the daylily farm, but I'm sure that is something Smokey would be really interested in as well.
May 05, 2015, 08:47:59 PM
I don't know if I would call this a Bitcoin-like system but it is interesting and certainly inspired by Bitcoin.
Someone's built a Bitcoin-like system for real gold
Once you've sunk your cash into the system, you'll be allocated the equivalent weight of gold in one of ten vaults around the world. Then, when it comes time for you to buy something, you can do so from the BitGold site, your mobile device or with a BitGold Mastercard.
http://www.engadget.com/2015/05/05/bitgold-bitcoin-but-for-gold/
Someone's built a Bitcoin-like system for real gold
Once you've sunk your cash into the system, you'll be allocated the equivalent weight of gold in one of ten vaults around the world. Then, when it comes time for you to buy something, you can do so from the BitGold site, your mobile device or with a BitGold Mastercard.
http://www.engadget.com/2015/05/05/bitgold-bitcoin-but-for-gold/
Very creative, That is an excellent way to sell more gold at a nice mark-up and collect the usual high merchant account fees.
May 05, 2015, 07:51:32 PM
I don't know if I would call this a Bitcoin-like system but it is interesting and certainly inspired by Bitcoin.
Someone's built a Bitcoin-like system for real gold
Once you've sunk your cash into the system, you'll be allocated the equivalent weight of gold in one of ten vaults around the world. Then, when it comes time for you to buy something, you can do so from the BitGold site, your mobile device or with a BitGold Mastercard.
http://www.engadget.com/2015/05/05/bitgold-bitcoin-but-for-gold/
Someone's built a Bitcoin-like system for real gold
Once you've sunk your cash into the system, you'll be allocated the equivalent weight of gold in one of ten vaults around the world. Then, when it comes time for you to buy something, you can do so from the BitGold site, your mobile device or with a BitGold Mastercard.
http://www.engadget.com/2015/05/05/bitgold-bitcoin-but-for-gold/
May 05, 2015, 03:06:05 PM
Are CRISP For Students and CRISP For Charity targeting the 2.5 billion unbanked, the tools Bill and Melinda Gates have been waiting for. Let us know what you think?
Source: http://www.gatesfoundation.org/who-we-are/general-information/letter-from-bill-and-melinda-gates
Source: http://www.gatesfoundation.org/who-we-are/general-information/letter-from-bill-and-melinda-gates
The core mission of CRISP For Charity is indeed to engage the top 2% to work with DNotes and International charity organizations to help alleviate various global problems including poverty and the 2.5 billion unbanked.
CRISP For Students will be positioned as a conduit to scholarship funds, grants and other student aids.
It is delightful and encouraging that Bill and Melinda Gates have specifically mentioned these two areas. I am very passionate about pursuing every possible avenue for DNotes to be a global digital currency with a purpose so that much good can be done for humanity.
I think this is a perfect match with so many of us here feeling so strongly on helping the less fortunate. Everything they are working on could benefit from the CRISP programs. I'm impressed with all their initiatives and for me personally, my charity of choice here would be "new techniques to help farmers in developing countries grow more food and earn more money."
Jump to: